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    11 Main St Crosby, ND 58730

    Sponsored
    For Sale
    $385,000

    Historic Main Street building, 4 units

    Property size:
    4,038 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 11 Main St S, Crosby, ND 58730, presents a compelling investment opportunity. The three-story, 4,038 square foot building, constructed in 1920, boasts a prime location on Main Street, ensuring high visibility. The property is zoned C-1 and sits on a 3,500 square foot lot, with additional vacant land to the west offering potential for expansion or tenant amenities. The building comprises four residential units: two two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units. All units are furnished and include in-unit laundry. Adding to the income potential is 838 square feet of commercial space on the lower level, currently configured as office space. This dual-income stream, combining residential and commercial rentals, offers significant return potential. The asking price is $385,000, translating to $95.34 per square foot. This historic building in downtown Crosby offers a unique blend of established income and future growth potential within a thriving community. The property's attractive features, including its high visibility location, fully furnished units, and additional vacant land, make it an ideal investment for both seasoned and aspiring investors.

    Property Features for 11 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,038 SF

    Building Details

    Year Built
    1920
    Stories
    3
    Units
    4

    HighLights

    • Historic downtown Crosby building.
    • High‑visibility corner lot with extra yard space.
    • Dual‑income potential: multi‑family & office space.
    • Four furnished two‑bedroom/one‑bath units.
    • In‑unit laundry and open floor plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Divide-Burke Abstract Co ... Title Company

    Suggested Use

    Restaurant Law Firm Spa & Massage Auto Repair Shop Dental Office Building Supply Wholesale Shop Hair Salon Gym & Fitness Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crosby
    County
    Divide
    State
    North Dakota
    Longitude
    -103.295042
    Latitude
    48.9129229

    Nearby Comparable

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    Nearby Similar for Sale

    • $1,300,000
      22,940 SF

      Crosby, ND Multi-Family Complex

      18-Unit Apartment Building, High ROI Potential
      207 6Th Ave, Crosby, ND 58730
      View Details
    • $385,000
      4,038 SF

      11 Main St, Crosby, ND 58730

      Commercial real estate • 4,038 SF
      11 Main St, Crosby, ND 58730
      View Details
    • $165,000
      1,644 SF

      702 4Th St, Crosby, ND 58730

      Commercial real estate • 1,644 SF
      702 4Th St, Crosby, ND 58730
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Historic Main Street building, 4 units
    Where is this multifamily property located?
    The property is located at 11 Main St Crosby, ND.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Historic downtown Crosby building.; High-visibility corner lot with extra yard space.; Dual-income potential: multi-family & office space.
    Request Owner's contact information
    11 Main St Crosby, ND 58730
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    Crosby, ND 58730
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11 Main St Crosby, ND 58730
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